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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 9. Goodwill and Other Intangible Assets The Company performs an annual impairment review of goodwill and indefinite-lived intangible assets during the fourth quarter, or more frequently if events or changes in circumstances indicate that the asset might be impaired. During the three months ended March 31, 2020, the Company considered the decline in its market capitalization due to the COVID-19 pandemic as an interim triggering event. The Company’s interim test results as of March 31, 2020 indicated that the fair values of all reporting units exceeded their carrying values and thus, no impairment of goodwill existed. No additional triggers for an interim impairment test have been identified since March 31, 2020. However, the Company is unable to predict future impacts of the COVID-19 pandemic, including a prolonged and/or more severe pandemic than anticipated, or future changes in management’s judgements and assumptions used to assess the fair value of the reporting units, which could result in a non-cash impairment charge in the future. The changes in the carrying amount of goodwill as of September 30, 2020 and December 31, 2019 are summarized as follows:
|  | Americas |  |  | MEAP |  |  | Consolidated |
Balance as of January 1, 2019 |  | $ | 166.5 |  |  | $ | 66.3 |  |  | $ | 232.8 |
Foreign currency impact |  |  | — |  |  |  | (0.3 | ) |  |  | (0.3 | )
Balance as of December 31, 2019 |  |  | 166.5 |  |  |  | 66.0 |  |  |  | 232.5 |
Foreign currency impact |  |  | — |  |  |  | 0.7 |  |  |  | 0.7 |
Balance as of September 30, 2020 |  | $ | 166.5 |  |  | $ | 66.7 |  |  | $ | 233.2 |
The gross carrying amount, accumulated amortization and net book value of the Company’s intangible assets other than goodwill as of September 30, 2020 and December 31, 2019 are summarized as follows:
|  | September 30, 2020 |  |  | December 31, 2019 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value |
Definite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 9.8 |  |  | $ | (8.5 | ) |  | $ | 1.3 |  |  | $ | 10.0 |  |  | $ | (8.5 | ) |  | $ | 1.5 |
Patents |  |  | 30.2 |  |  |  | (29.4 | ) |  |  | 0.8 |  |  |  | 29.5 |  |  |  | (28.7 | ) |  |  | 0.8 |
Total |  |  | 40.0 |  |  |  | (37.9 | ) |  |  | 2.1 |  |  |  | 39.5 |  |  |  | (37.2 | ) |  |  | 2.3 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and tradenames |  |  | 97.6 |  |  |  | — |  |  |  | 97.6 |  |  |  | 95.3 |  |  |  | — |  |  |  | 95.3 |
Distribution network |  |  | 19.1 |  |  |  | — |  |  |  | 19.1 |  |  |  | 18.7 |  |  |  | — |  |  |  | 18.7 |
Total |  |  | 116.7 |  |  |  | — |  |  |  | 116.7 |  |  |  | 114.0 |  |  |  | — |  |  |  | 114.0 |
Total other intangible assets |  | $ | 156.7 |  |  | $ | (37.9 | ) |  | $ | 118.8 |  |  | $ | 153.5 |  |  | $ | (37.2 | ) |  | $ | 116.3 |
Other intangible assets with definite lives are amortized over their estimated useful lives. Amortization expense for the three months ended September 30, 2020 and 2019 was zero. Amortization expense for the nine months ended September 30, 2020 and 2019 was $0.2 million. Definite lived intangible assets and long-lived assets are subject to impairment testing whenever events or circumstances indicate that the carrying value of the assets may not be recoverable. The Company considered the impact of the COVID-19 pandemic on each of the Company’s definite lived intangible assets and long-lived assets. The Company determined there was not a triggering event during the third quarter of 2020.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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